Premarket: Global stocks wince, gold firm ahead of Trump’s ‘Liberation Day’ tariffs

News Snapshot:

Stocks retreated on Wednesday, while safe-haven gold held near record highs as a nervous world awaited details of U.S. President Donald Trump’s tariff plans and investors fretted about the risks of an intensifying global trade war. Investor focus in recent weeks has been firmly on the new round of reciprocal levies that the White House is due to announce on Wednesday at 4 p.m. ET and which are expected to take effect immediately after Trump announces them. Trump has already imposed tariffs on aluminum, steel and autos, along with increased duties on all goods from China that have rattled markets...